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Dogecoin price reached $0.14 on Tuesday, posting 46% losses in the last 10 days. Market reports suggest that fresh developments surrounding United States (US) President Donald Trump and Elon Musk could see DOGE prices stabilize in the days ahead.
Bitcoin extended its decline to a fresh four-month low of 77K in early trade on Tuesday before dip buyers aided a recovery back above 80K. However, the mood remains fragile amid growing concerns of a US recession and as defunct crypto exchange Mt Gox moved 11,833 BTC.
Donald Trump is preparing to sign an executive order aimed at reversing policies that have restricted banking access for cryptocurrency businesses. This move is expected to overturn what industry leaders have called Operation Choke Point 2.0, a set of restrictions that have made it difficult for crypto banks to operate within the traditional financial system. By lifting these barriers, Trump’s order could reshape the digital asset landscape in the United States, providing new opportunities for crypto-friendly financial institutions.
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